NMA a subsidary of georgia banking company is offering me an amazing rate on a refinance now I have amazing credit (810) and amazing LTV 22% but other companies best were like 6.00. NMA is offering me similar closing cost as well... It just seems too good to be true.
National Mortgage Alliance Legit?consolidation loans
Sounds like you found a winner, but the lowest rate on their website is 5.75% on a 30 year fixed. And if anything can be learned from the record foreclosure rate, you definitely want to stay away from the adjustable rate loans which will be quoted lower. Don%26#039;t fall for the teaser rate and get all the details in writing before you sign on.
National Mortgage Alliance Legit? loan
If any lender out there is offering you a crazy rate (anything 4.5 or lower) it is a negative amoritzation loan. You would want to stay away from it. I%26#039;m a mortgage banker, here%26#039;s a good rule of thumb to shop for a mortgage. Lenders are usually within an1/8 to a 1/4 point of each other in interest rate, rates all come from the same place Wall Street. If you talk to 3 different lenders and they all give you roughly the same rate on the same program, and then a person quotes you some mindblowing rate..... Hang up the phone on him..he%26#039;s lying to you. It%26#039;s that simple.
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